If (and I stress if) Ares is willing to pay $ 1.85 per share they must believe they can make a substantial profit by dissecting, holding or simply reselling. Other institutions also know the possible upside on the AMP share price. Bearing in mind the intrinsic value of a share is not the price on any given day; but on their assets, liabilities and future potential. Institutions such as Allan Gray may be happy to make 30 cents per share, or indeed lose $ 1 a share, just as retail investors are. But the question remains, why would instos sell for $ 1.85 if they expect the stock to be worth significantly more 6-12 months longer (as indeed Allan Gray must have thought and Ares seems to think now) I also note Ares is "only one of the parties looking at AMP".
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$1.49 |
Change
-0.005(0.33%) |
Mkt cap ! $3.772B |
Open | High | Low | Value | Volume |
$1.52 | $1.53 | $1.48 | $11.33M | 7.582M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 12750 | $1.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.50 | 70881 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10476 | 1.485 |
11 | 239864 | 1.480 |
3 | 109169 | 1.475 |
4 | 95169 | 1.470 |
3 | 26584 | 1.465 |
Price($) | Vol. | No. |
---|---|---|
1.495 | 69873 | 2 |
1.500 | 56192 | 5 |
1.505 | 91122 | 5 |
1.510 | 87145 | 5 |
1.515 | 60145 | 2 |
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